Food prices shoot up as Nigeria’s inflation rises to 12.82 percent

The Nigeria Bureau of Statistics (NBS) has released the Consumer Price Index (CPI)/Inflation report for the month of July 2020, with the country’s headline inflation rising to 12.82 per cent from 12.56 per cent in June.

According to the report, food inflation also rose to 15.48 percent in July from 15.18 percent in the previous month.

The report indicates that core inflation rose to 10.10 percent from 10.13 percent in June.

Gift Adene

Gift Adene is an Entertainment and Society News writer, a Chronicler of celebrities and King of Rumor Has it. Gift holds a BSC in Computer Science and MSC in Information and Communications Technology. He is a Machine Learning and Data Science enthusiast, a ProBlogger, Digital Marketer and social media savvy. Gift loves Python Programming Language, HTML, CSS and JavaScript. Address: 64 Igbeyin adun Nigeria.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button